The term ecommerce meant the process of execution of commercial transaction over network. . It is the process of buying and selling goods, services and information through internet.
History of E-commerce (EC)
E-commerce started develops in the early 1970s. Electronic data interchange which is known as EDI is believed to be a beginning point of development of ecommerce. EDI solve the limitation of electronic fund transfer (EFT) which is used to perform financial transaction electronically. EDI enabled the big business firms to indulge in a sort of beneficial electronic transaction. However the EDI was not widely accepted due to different EDI format which is difficult to interact with each other among companies. Until the ASC X12 Standard introduced in 1984, it become more reliable for the companies to transfer the large amount of transaction.
Next, the development of Mosaic web-browser in 1992 was an important issue in the discussion of history of e-commerce. This web browser was soon given the form of a browser which could be downloaded and was named as Netscape. Consequently the scope and possibility of electronic commercial transaction was further broadened.
Other vital development of ecommerce was adoption of DSL and Red Hat Linux. These again benefited the process of online transaction. The year 2000, saw a major merger between AOL and Time Warner which marked another essential step towards the development of E-commerce. This combination proved to be very economically beneficial.
Business to Business (B2B) is the largest E-commerce in the present time, followed by Business to Customer (B2C) and evolve into Customer to Customer (C2C) and Customer to Business (C2B). Therefore, the services provided in E-commerce have diversified and this lead the E-commerce become indispensably in our future life.
Evolution of E-commerce
1984
EDI, or electronic data interchange, was standardized through ASC X12. This guaranteed that companies would be able to complete transactions with one another reliably.
1992
CompuServe offers online retail products to its customers. This gives people the first chance to buy things off their computer.
1994
Netscape arrived. Providing users a simple browser to surf the Internet and a safe online transaction technology called Secure Sockets Layer.
1995
Two of the biggest names in e-commerce are launched: Amazon.com and eBay.com.
1998
DSL, or Digital Subscriber Line, provides fast, always-on Internet service to subscribers across California. This prompts people to spend more time, and money, online.
1999
Retail spending over the Internet reaches $20 billion, according to Business.com.
2000
The U.S government extended the moratorium on Internet taxes until at least 2005.
History of E-commerce (EC)
E-commerce started develops in the early 1970s. Electronic data interchange which is known as EDI is believed to be a beginning point of development of ecommerce. EDI solve the limitation of electronic fund transfer (EFT) which is used to perform financial transaction electronically. EDI enabled the big business firms to indulge in a sort of beneficial electronic transaction. However the EDI was not widely accepted due to different EDI format which is difficult to interact with each other among companies. Until the ASC X12 Standard introduced in 1984, it become more reliable for the companies to transfer the large amount of transaction.
Next, the development of Mosaic web-browser in 1992 was an important issue in the discussion of history of e-commerce. This web browser was soon given the form of a browser which could be downloaded and was named as Netscape. Consequently the scope and possibility of electronic commercial transaction was further broadened.
Other vital development of ecommerce was adoption of DSL and Red Hat Linux. These again benefited the process of online transaction. The year 2000, saw a major merger between AOL and Time Warner which marked another essential step towards the development of E-commerce. This combination proved to be very economically beneficial.
Business to Business (B2B) is the largest E-commerce in the present time, followed by Business to Customer (B2C) and evolve into Customer to Customer (C2C) and Customer to Business (C2B). Therefore, the services provided in E-commerce have diversified and this lead the E-commerce become indispensably in our future life.
Evolution of E-commerce
1984
EDI, or electronic data interchange, was standardized through ASC X12. This guaranteed that companies would be able to complete transactions with one another reliably.
1992
CompuServe offers online retail products to its customers. This gives people the first chance to buy things off their computer.
1994
Netscape arrived. Providing users a simple browser to surf the Internet and a safe online transaction technology called Secure Sockets Layer.
1995
Two of the biggest names in e-commerce are launched: Amazon.com and eBay.com.
1998
DSL, or Digital Subscriber Line, provides fast, always-on Internet service to subscribers across California. This prompts people to spend more time, and money, online.
1999
Retail spending over the Internet reaches $20 billion, according to Business.com.
2000
The U.S government extended the moratorium on Internet taxes until at least 2005.
1 comments:
the evolution of the e-commerce will keep on going...
i think tat it will become more n more important in the future
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